TECOM makes it clear that it has intimated Govt of Kerala that its intention is not to sell the freehold land long ago. Moreover, freehold is sought for the Indian company Smart City Kochi with Minister S. Sarma as its chairman, and not for Tecom.

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SmartCity in Dubai is set to lose its executive director for corporate finance Teddy Maroun. Mr Maroun has held the position for a year but his contract is not being renewed for 2010. SmartCity Dubai said Mr Maroun left the company in a voluntary and planned manner and has been succeeded by a new executive director as planned. It has …

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Even as Smart City Dubai last week served an ultimatum to the Kerala government saying the proposed Rs.1,500-crore Smart City Kochi IT project cannot be kept hanging ‘endlessly’, a board meeting ended Wednesday with differences of opinion continuing between the two partners. Emerging from the hour-long meeting, Smart City Kochi chairman and State Fisheries Minister S. Sarma told reporters that …

The director board convened today was not able to solve the dispute between the state government and TECOM in connection with the establishment of the Smart City project. TECOM was firm in their stand of having 12% independent rights. Smart City chairman S Sarma informed them that they cannot accept their demand. So, the government said that they will inform …

Reviving the proposed SmartCity Kochi project that has been in a limbo for sometime now, a meeting of the board of directors of the company has been scheduled at Kovalam on Wednesday at 6.30 p.m.

The Kerala government Wednesday said it is ready to talk with Dubai-based promoters over the Rs 1,500-crore Kochi SmartCity IT project, which has been delayed by over a year due to land acquisition problems.

The Kerala government said on Wednesday it is ready to talk with Dubai-based promoters over the Rs 1,500-crore (Rs 15-billion) Kochi SmartCity IT project, which has been delayed by over a year due to land acquisition problems. The government has informed the Dubai-based Tecom authorities about the steps taken so far in this regard and that it was prepared to …

Smart City Dubai Monday served an ultimatum to the Kerala government, saying the Rs.1,500 crore Smart City Kochi project cannot be kept hanging in the balance “endlessly”. In a statement issued here, Smart City Dubai said “we have to rethink about the future of the project”. “But as mentioned earlier decisions can be taken within minutes and there is no …

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The Kerala government today said it would hold talks with TECOM Investments, the Dubai based joint venture partner of an industry cluster project in Kochi, for implementing the project sanctioned in 2007. Chief Minister V S Achuthanandan told reporters after a Cabinet meeting that talks would be held for “one more time” with TECOM, a member of Dubai Holding, but …

It’s a ‘take it or leave it’ moment for Dubai-based Tecom Investments, as it gears up for the final round of talks with Kerala government to end the deadlock over the IT infrastructure joint venture Smartcity in Kochi. As if the gloom of Dubai debt woes was not enough, Tecom is likely to face the humiliation of its mantelpiece Indian …

The deal between Kerala government and TECOM will have to be declared null and void if the later remains adamant on free-hold rights for 12 per cent of land, fisheries minister S. Sharma said Sunday In that case the next cabinet meet will decide on the future course of action he said. He said though several private players have evinced …

TECOM will not be given a piece of land for sale in the name of Smart City Project, said Chief Minister V S Achuthanandan. Talking after inaugurating the second phase of developmental works of Info Park in Kochi, VS said there is no uncertainty regarding the Smart City Project. The project will be completed with the help of other companies. …

Kerala-based Muthoot Pappachan Group has expressed interest in taking over and developing the Smart city project. The board which met on Thursday morning took this decision. The Muthoot Group had earlier shown interest in the project at the time of its inception. The decision by Muthoot comes after the Chief Minister V S Achuthanandan cast doubts on the financial abilityof …